Will oil prices keep rising, and how will that affect inflation? | Counting the Cost
Oil prices are at their highest level in months and central banks are keeping a close eye on the markets.
For the first time since October, Brent crude, the international benchmark, topped $91 a barrel last week.
That threatens a rise in gasoline prices in the United States and elsewhere, reigniting fears over inflation.
The increase in prices has been driven in part by geopolitical tensions in the Middle East.
Supply shocks after several output cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies are also pushing prices up.
Zimbabwe has launched a new currency.
Plus, McDonald's buys back its Israeli restaurants.
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Пікірлер: 45
if they keep cutting making oil we'll have to stop buying oil 😊
@Elementalspecter
Ай бұрын
Reeeeeee
EV demand is decreasing, NOT increasing. And summer driving season is just around the corner. So, I predict oil price is headed higher. But I am no expert so take that with a grain of salt.
I am very surprised that Saudi Arabia and UAE are not dumping US treasury bonds and buying gold.
@teddymoon3744
Ай бұрын
they will once Trump wins and starts to DRill baby drill again.
No worries. The ZIG will be for the upper class only. For high priced foreign goods and travel abroad. Zimbabwe does not have enough gold to make it mainstream. They’ll keep selling much of the gold that they produce.
I love Iran🇮🇷 from Saudi Arabia
@helloagain1400
Ай бұрын
no from saudi arabia
@vladlock
Ай бұрын
Kuffar
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
For I give you good teaching: do not abandon my teachings!
The solution to high oil prices is to REDUCE our dependence on oil.
Yes, we can🤓
Gold standard worked in the past because it forced countries to ballance international trade or trade gold to ballance trade differences. I don't see how it works on a single country level
Production in Canada won't continue to grow because of drought in the Alberta tar sands region.
Well those american supplied tanks in the IDF use a lot of oil to run....
oil price will keep rising to push people to buy ev. they will the game of pricing going up and down a little and go up double, etc. once many people bought an ev, they will skyrocket the electric prices! this is the ulterior motive why ev is really being promo!
@DueceSpice
Ай бұрын
EV CHARGING HAS TO GET FASTER AND BETTER FIRST
@yehuo2825
Ай бұрын
@@DueceSpice agreed! there are other issues too, which i am not in a hurry to buy an ev, even i can, especially with the li-on battery issue! also not all ev cars make the charger the same way, so this is going to become a nightmare as well. ev is not really saving the earth anyway too! ev has their own pollution issue!
@volkerengels5298
Ай бұрын
So - Russia and UAE helps the West to solve their EV + Energy problem...? Interesting idea :))
@steven4315
Ай бұрын
Thing is, people can make their own electric. I buy electric because it's cheaper than making my own. That changes, up go the solar panels.
Hope more people buy electric cars to fight the evil forces!!!
I am about to watch this, but when I do, in my mind I am thinking this show is nothing but entertainment until Iran decides the direction this world is about to go.
💎 VanEck Oil ETF (OIH) 💎
As soon as the electric cars take over oil will become cheap once again
Oil price US 150 per barrel 😂
@SeeLasSee
Ай бұрын
Good for Tesla stock.
good because in the west we are switching to electric cars😂😂
Gold backed zig might be highly beneficial in a very short term, but could have a exit point. To be blunt, gold is going to keep going up massively. or a while you will be able to ride the wave, but very soon as the super powers like china continue to hoard it for their plans, it is going to become too precious. you will not be able to afford enough gold to sustain an economy compared to such a giant. It would be wise to plan a hoarding of as much gold as you can NOW with the pre plan of eventually selling it/ trading it when its really valuable and making a Zig 2 which is silver backed, or smarter yet, copper backed. Copper is very cheap by comparison to gold and you can switch up to a huge quantity of it, and copper will absolutely keep going up in value as we continue to need more and more precious uses for it. It is simple logic, once upon a time there were not many humans and gold was great! but there is not enough for us all to be gold backed, we need too much of it for technology. so think ahead and fast. ;)
I hope so. The more it costs the less people will be able to create carbon dioxide.
The US is already ready. I’ve seen lots of hybrids/EVs lately or riding motorcycles. Only people not prepared are the trumpers and their garage of only pickup trucks.
DRIL;L BABY DRILL TRUMP2024
Sell gold buy share.... 🫂🫂